• Russian Gambling Bill Making the Rounds - Wins Round One

    24 November 2006

    Newspaper

    iGAMING BUSINESS
    24-11-06

    The Gambling Bill proposed by President Vladimir Putin in October, which plans to set up four gambling zones in Russia, has been approved at its first reading by the Duma last week by a vote of 440-0 and one abstention.

    The president had proposed the bill after the Interior Ministry launched an operation to check the financial, tax and sanitary-epidemiological documents of a variety of gambling establishments in the capital allegedly linked to the Georgian mafia.

    The bill has been enforced to tighten control and ultimately ban gambling in Russia with the exception of the four designated zones by the start of 2009. The four special zones are to be located in unpopulated regions: two in European Russia, one in Siberia and one in the Far East. Federal authorities will grant five-year licenses for operation inside the zones.

    The legislation has already been criticised for prohibiting activities such as betting on friendly card games in private homes, and for restrictions on online activities, with gambling businesses pushing to soften the bill’s provisions and extend the gambling ban beyond 2009.

    However, the mechanism for creating the zones would seem to be the key to the legislation’s success, as the current version does not outline if or how the zones might be enforced within residential areas, prompting some to speculate that the bill is likely to undergo change.

    ‘There is no doubt the bill will change beyond recognition,’ said Yevgeny Kovtun, a spokesman for the Gaming Business Association, whose members have been operating in Russia for the past decade.

    The Association for the Development of the Gaming Business predicted that the national gambling industry, whose revenues surpassed $5 billion per year, could shrink by at least 70 percent by July 2007 if the bill is implemented.

    Related News

    • Player won 87668 at king billy casino

      Slot Winners

      Player Wins €87,668 at King Billy CasinoIvan Stefanovic16 November 2021

      The proud owner of 20 awards, from the most respected iGaming events, King Billy Casino demonstrates its value where it counts most - in player income. Fortunate punter at King Billy generated a massive win of €87,668 with a bet of €10. A lucky player was spinning the reels in Hacksaw Gaming’s exciting western adventure called Wanted Dead or a Wild. Known for Giving Punters Massive Wins

      Read full article
    • What are the online gambling trends for

      Gambling News

      The Future of iGaming- Top Trends Shaping Online Gambling IndustryAleksandra Zolotic06 September 2021

      As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously. Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.

      Read full article
    • Relax gaming subsidiary in gibraltar gained uk license

      Gambling News

      Relax Gaming Subsidiary in Gibraltar Gains UK LicenseIvan Stefanovic19 May 2021

      Relax Gaming (RG) saw its Gibraltar subsidiary, Relax Gaming Gibraltar, receive United Kingdom Gambling Commission approval, which indicates new growth opportunities "in one of the most important markets in the world." This means that RG games are available to UK providers via its Gibraltar subsidiary, which the group welcomes as “another milestone” in the group's continued growth strategy.

      Read full article